At least five contractors submitted bids in late December for the estimated AED 300 million ($82 million) contract to build a new five-star luxury hotel on Jumeirah Beach road. The hotel will include around 300 rooms, restaurant outlets and associated entertainment facilities.

The bidders for the estimated 24-month contract include: Dubai Contracting Company (DCC); Al-Basti & Muktha (ABM), also local; and Lebanon's Arabian Construction Company (ACC).

Located next to Le Meridien Seyahi, the development will have a built-up area of 69,800 square metres. The scope of works includes the structures, mechanical, electrical and plumbing (MEP) works and the interior decoration package.

The client is a local private investor. The consultant is the local Archon Engineering Consultants.